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A.O.史密斯（AOS）与Arlo Technologies, Inc.（ARLO）财务数据对比。点击上方公司名可切换其他公司
A.O.史密斯的季度营收约是Arlo Technologies, Inc.的6.5倍（$912.5M vs $141.3M）。A.O.史密斯净利率更高（13.7% vs 4.1%，领先9.7%）。Arlo Technologies, Inc.同比增速更快（16.2% vs 0.0%）。过去两年Arlo Technologies, Inc.的营收复合增速更高（6.7% vs -3.4%）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
Arlo Technologies是一家专注于无线监控摄像头研发生产的美国企业。在2018年8月于纽交所完成首次公开募股之前，Arlo一直是网件（Netgear）旗下的监控产品品牌，IPO之后网件仍持有该公司多数控制权。
AOS vs ARLO — 直观对比
营收规模更大
AOS
是对方的6.5倍
$141.3M
营收增速更快
ARLO
高出16.2%
0.0%
净利率更高
AOS
高出9.7%
4.1%
两年增速更快
ARLO
近两年复合增速
-3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $912.5M | $141.3M |
| 净利润 | $125.4M | $5.8M |
| 毛利率 | 38.4% | 46.4% |
| 营业利润率 | 17.9% | 3.3% |
| 净利率 | 13.7% | 4.1% |
| 营收同比 | 0.0% | 16.2% |
| 净利润同比 | 14.3% | 218.6% |
| 每股收益（稀释后） | $0.89 | $0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AOSARLO
| Q4 25 | $912.5M | $141.3M | ||
| Q3 25 | $942.5M | $139.5M | ||
| Q2 25 | $1.0B | $129.4M | ||
| Q1 25 | $963.9M | $119.1M | ||
| Q4 24 | $912.4M | $121.6M | ||
| Q3 24 | $902.6M | $137.7M | ||
| Q2 24 | $1.0B | $127.4M | ||
| Q1 24 | $978.8M | $124.2M |
净利润AOSARLO
| Q4 25 | $125.4M | $5.8M | ||
| Q3 25 | $132.0M | $6.9M | ||
| Q2 25 | $152.2M | $3.1M | ||
| Q1 25 | $136.6M | $-835.0K | ||
| Q4 24 | $109.7M | $-4.9M | ||
| Q3 24 | $120.1M | $-4.4M | ||
| Q2 24 | $156.2M | $-11.6M | ||
| Q1 24 | $147.6M | $-9.6M |
毛利率AOSARLO
| Q4 25 | 38.4% | 46.4% | ||
| Q3 25 | 38.7% | 40.5% | ||
| Q2 25 | 39.3% | 44.9% | ||
| Q1 25 | 38.9% | 44.3% | ||
| Q4 24 | 37.1% | 36.9% | ||
| Q3 24 | 37.4% | 35.2% | ||
| Q2 24 | 38.7% | 36.8% | ||
| Q1 24 | 39.3% | 38.1% |
营业利润率AOSARLO
| Q4 25 | 17.9% | 3.3% | ||
| Q3 25 | 18.6% | 0.6% | ||
| Q2 25 | 20.4% | 1.5% | ||
| Q1 25 | 19.1% | -1.2% | ||
| Q4 24 | 10.1% | -5.0% | ||
| Q3 24 | 19.5% | -4.0% | ||
| Q2 24 | 21.9% | -10.0% | ||
| Q1 24 | 22.0% | -8.5% |
净利率AOSARLO
| Q4 25 | 13.7% | 4.1% | ||
| Q3 25 | 14.0% | 4.9% | ||
| Q2 25 | 15.0% | 2.4% | ||
| Q1 25 | 14.2% | -0.7% | ||
| Q4 24 | 12.0% | -4.0% | ||
| Q3 24 | 13.3% | -3.2% | ||
| Q2 24 | 15.2% | -9.1% | ||
| Q1 24 | 15.1% | -7.8% |
每股收益（稀释后）AOSARLO
| Q4 25 | $0.89 | $0.06 | ||
| Q3 25 | $0.94 | $0.06 | ||
| Q2 25 | $1.07 | $0.03 | ||
| Q1 25 | $0.95 | $-0.01 | ||
| Q4 24 | $0.75 | $-0.05 | ||
| Q3 24 | $0.82 | $-0.04 | ||
| Q2 24 | $1.06 | $-0.12 | ||
| Q1 24 | $1.00 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $193.2M | $146.4M |
| 总债务越低越好 | $155.0M | — |
| 股东权益账面价值 | $1.9B | $127.8M |
| 总资产 | $3.1B | $310.5M |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSARLO
| Q4 25 | $193.2M | $146.4M | ||
| Q3 25 | $172.8M | $86.0M | ||
| Q2 25 | $177.9M | $71.2M | ||
| Q1 25 | $200.2M | $84.0M | ||
| Q4 24 | $276.1M | $82.0M | ||
| Q3 24 | $255.6M | $77.0M | ||
| Q2 24 | $233.3M | $62.9M | ||
| Q1 24 | $303.1M | $62.1M |
总债务AOSARLO
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AOSARLO
| Q4 25 | $1.9B | $127.8M | ||
| Q3 25 | $1.8B | $129.2M | ||
| Q2 25 | $1.8B | $118.3M | ||
| Q1 25 | $1.9B | $103.4M | ||
| Q4 24 | $1.9B | $100.9M | ||
| Q3 24 | $1.9B | $96.9M | ||
| Q2 24 | $1.9B | $99.3M | ||
| Q1 24 | $1.9B | $99.9M |
总资产AOSARLO
| Q4 25 | $3.1B | $310.5M | ||
| Q3 25 | $3.2B | $350.9M | ||
| Q2 25 | $3.2B | $319.7M | ||
| Q1 25 | $3.3B | $296.6M | ||
| Q4 24 | $3.2B | $298.4M | ||
| Q3 24 | $3.2B | $312.4M | ||
| Q2 24 | $3.2B | $295.8M | ||
| Q1 24 | $3.2B | $289.8M |
负债/权益比AOSARLO
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $183.1M | $19.8M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 18.1% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 1.46× | 3.43× |
| 过去12个月自由现金流最近4个季度 | $546.0M | — |
8季度趋势，按日历期对齐
经营现金流AOSARLO
| Q4 25 | $183.1M | $19.8M | ||
| Q3 25 | $255.4M | $19.2M | ||
| Q2 25 | $139.6M | $8.8M | ||
| Q1 25 | $38.7M | $30.9M | ||
| Q4 24 | $221.9M | $6.7M | ||
| Q3 24 | $195.9M | $18.4M | ||
| Q2 24 | $57.4M | $6.5M | ||
| Q1 24 | $106.6M | $19.8M |
自由现金流AOSARLO
| Q4 25 | $165.5M | — | ||
| Q3 25 | $240.6M | — | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $17.4M | $28.1M | ||
| Q4 24 | $191.3M | $5.6M | ||
| Q3 24 | $163.4M | $17.4M | ||
| Q2 24 | $34.5M | $6.2M | ||
| Q1 24 | $84.6M | $19.4M |
自由现金流率AOSARLO
| Q4 25 | 18.1% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 1.8% | 23.6% | ||
| Q4 24 | 21.0% | 4.6% | ||
| Q3 24 | 18.1% | 12.6% | ||
| Q2 24 | 3.4% | 4.8% | ||
| Q1 24 | 8.6% | 15.7% |
资本支出强度AOSARLO
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 2.2% | 2.4% | ||
| Q4 24 | 3.4% | 0.9% | ||
| Q3 24 | 3.6% | 0.7% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 2.2% | 0.3% |
现金转化率AOSARLO
| Q4 25 | 1.46× | 3.43× | ||
| Q3 25 | 1.93× | 2.79× | ||
| Q2 25 | 0.92× | 2.83× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.72× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AOS
| North America Segment | $713.7M | 78% |
| Rest Of World | $158.3M | 17% |
| Other | $40.5M | 4% |
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
